Category: Business & Economics

On 28th February, 2024, India successfully flagged off its first commercial trial shipment of Pomegranates to the US via sea under the aegis of Agricultural Processed Food Products Export Development Authority (APEDA) by InI Farms from IFC facility, MSAMB, Vashi (Navi Mumbai). Shri Rajesh Aggarwal, Additional Secretary, Ministry of Commerce & Industry and Shri, Abhishek Dev, Chairman, APEDA flagged off the Pomegranate shipment comprising of 4200 boxes (12.6 tons). The ceremony was graced by dignitaries from the Maharashtra State Agricultural Marketing Board (MSAMB), Regional Plant Quarantine Station (RPQS- MoA&FW), State Agriculture…

The Prime Minister Shri Narendra Modi dedicated to nation the Hindustan Urvarak & Rasayan Ltd (HURL) Sindri Fertiliser Plant at Sindri, Dhanbad, Jharkhand today. The Prime Minister had laid the foundation of the fertilizer plant in 2018. The Prime Minister highlighted the importance of today’s initiative in the journey of aatmnirbhar Bharat. He said that every year, India requires 360 lakh metric tonnes of urea and in 2014 India was producing just 225 lakh metric tonnes of urea. The massive gap necessitated huge imports. “Due to the efforts of our government, in the last…

Governor of West Bengal, C.V. Ananda Bose ji, my cabinet colleague, Shantanu Thakur ji, Leader of the Opposition in the West Bengal Assembly, Suvendu Adhikari ji, MPs Aparupa Poddar ji, Sukanta Majumdar ji, Saumitra Khan ji, other dignitaries, ladies and gentlemen! The 21st century Bharat is advancing rapidly. Together, we have set the ambitious goal of achieving a developed Bharat by 2047. The welfare of the poor, farmers, women, and youth of the country remains our top priority. We have consistently taken measures aimed at their well-being, and the positive…

In a significant stride towards enhancing coal evacuation capacity and operational efficiency, the Prime Minister, Shri Narendra Modi will inaugurate two pivotal projects in the state of Jharkhand on 1st March 2024. Aligned with the ‘PM Gatishakti Master Plan’, the dedication of the Tori – Shivpur 3rd Rail Line in Chatra and Latehar districts will substantially bolster coal evacuation from the North Karanpura coalfields of Central Coalfields Limited (CCL), a subsidiary of Coal India Limited (CIL) under the Ministry of Coal. This dedicated coal corridor, stretching over 44.37 km with six…

In the ever-shifting landscape of Indian power dynamics, Prime Minister Narendra Modi stands firm as the foremost influencer, according to a recent ranking by a media outlet. As the BJP solidifies its position for a potential third term, Modi’s leadership remains unchallenged, closely followed by Union Home Minister Amit Shah and Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat. Notable figures like Chief Justice of India D Y Chandrachud and business magnate Gautam Adani carve out their spaces in the top echelons. The list also sheds light on the rising influence…

India is all set to witness its first-ever ‘Startup Mahakumbh’, the largest celebration of Indian startups from March 18-20, 2024, at the prestigious Bharat Mandapam, New Delhi. Spearheaded by the collaborative efforts of ASSOCHAM, NASSCOM, Bootstrap Incubation & Advisory Foundation, TiE and Indian Venture and Alternate Capital Association (IVCA), the event will cement India’s reputation as a melting pot of innovation and amplify the country’s global startup footprint. With the purpose of enabling handshakes and connecting startups with a spectrum of inventors such as VCs, angel investors, family offices, and…

A bold projection by global brokerage Jefferies foresees India’s meteoric rise on the global economic stage, positioning it as the world’s third-largest economy by 2027. This optimistic outlook underscores India’s remarkable growth trajectory fuelled by demographic advantages, institutional enhancements, and governance improvements. India’s ascent is not confined to its GDP alone; its equity market is also on a trajectory of remarkable expansion. Persistent reforms have laid the groundwork for sustained growth. India’s growing influence on the global stage is further buoyed by improving geopolitical relations, particularly with key stakeholders. India’s…

After a successful and enthusiastically concluded industry interaction on February 16, 2024, in Hyderabad, focusing on the scheme for promotion of coal/lignite gasification projects, the Ministry of Coal, Government of India, is poised to conduct another roadshow on February 21, 2024, in Mumbai. Shri Amrit Lal Meena, Secretary, Ministry of Coal will be the Chief Guest for the event. This event aims to nurture the growth and widespread adoption of coal/lignite gasification projects throughout the country. It signifies a notable stride towards leveraging the abundant coal and lignite resources to…

Union Minister Shri Anurag Thakur today inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price today. Reminiscing the time before the current Government, Shri Thakur said that before 2014 the government was known for policy paralysis. Since 2014, the credo has shifted to Reform, Perform, Transform. The banking sector is today out of the clutches of debt and at an…

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 19th Foundation Day celebrations of the Security Printing and Minting Corporation of India Limited (SPMCIL) through hybrid mode, in New Delhi, today.     Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance; Shri Vijay Ranjan Singh, Chairman and Managing Director and Board of Directors of SPMCIL and other senior officers from the Ministry of Finance also participated in the event. The programme was attended in virtual mode across various units of SPMCIL; senior officers, employees,…